Is it cheaper to register a sole proprietorship LLC than other types?

Asked 2 years ago

I just recently learned that there are about eight types of limited liability companies. I genuinely thought that picking a business entity was the hard part, but now I discover that there are various LLC’s. As a solo-entrepreneur, would it be suitable and more affordable for me to pick a single-member LLC legal structure compared to the other types?

Pat Hines

Monday, September 19, 2022

A single-member LLC would be the most suitable option for a solo entrepreneur. Single-member LLCs are treated much like a sole proprietorship, with the added benefit of personal financial and legal protection. However, the cost to register a single-member LLC is the same as the cost to register any other LLC.

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